Benefits to Owners of Subsidized Housing Buildings
Owners of subsidized housing buildings are always looking for ways to minimize costs and maximize revenue. Fannie Mae and HUD have programs that can assist owners in achieving their goals.
Click on the links below to learn more.
Receive the following benefits by implementing Trine Healthcare’s on-site wellness program at your affordable housing buildings.
Benefits to housing owners received by implementing Healthy Housing Rewards Enhanced Resident Services by Fannie Mae are:
- Lower interest rates
- Initial Sponsor certification paid by Fannie Mae
- Reimbursement for Property Enhanced Resident Services certification
- Flexible underwriting to specific affordable developments.
- Flexible loan terms, and fixed- or variable-rate financing options.
- Certainty and speed of execution.
Research shows that certain building design elements and resident services have a measurable positive impact on the health and wellbeing of low-income renters. Fannie Mae’s Healthy Housing Rewards provides financial incentives for borrowers that incorporate health-promoting design features or resident services in their newly constructed or rehabilitated Multifamily Affordable rental properties. Borrowers can follow only one of two paths to qualify for discounted financing – Healthy Design or Enhanced Resident Services.
The Mark-to-Market (M2M) program preserves affordability and availability of low income rental multifamily properties with a federally insured program. The purpose of M2M is to reduce rents to market levels by restructuring existing debt to levels supportable by these rents. The Green Initiative is also available through this program to assist owners in rehabilitating their properties in the most sustainable way feasible.
Why Our Program Works
Trine Healthcare’s on-site wellness programming fulfills the requirements that HUD and Fannie Mae are looking for when implementing these programs. Our program works because we understand your residents. We develop our programming based on their ability level, knowledge base and unique set of needs. With a national network of community providers, we are able to expand quickly into any market with very little ramp up time.
Our program works because it is engaging, and we try to make it fun! The same goes for our community partners which are personally selected because of their unique talent of working with the same population that we do.
Healthcare and working to achieve your healthcare goals can be hard without assistance. That’s why Americans spend so much money on personal services. Food delivery, medicine delivery, personal training, life coaches…all of these services will likely never be within reach for your residents. Our Wellness Directors act as their personal coaches; guiding them to the finish line toward better health and positive outcomes.